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Genesis announces winding down of crypto trading services

bankruptcy, Business, Digital Currency Group, genesis, Lending, United States /

Genesis announces winding down of crypto trading services 14/09/2023 at 22:02 By Cointelegraph By Turner Wright In January, Genesis Global Capital announced it would eliminate its crypto spot trading services “voluntarily and for business reasons” without additional details. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Gemini Earn users could recover all funds in new DCG remuneration scheme

bankruptcy, Digital Currency Group /

Gemini Earn users could recover all funds in new DCG remuneration scheme 13/09/2023 at 16:02 By Cointelegraph By Savannah Fortis DCG suggests a new deal in Genesis bankruptcy, offering unsecured creditors 70%–90% baseline recovery; if approved, it would involve the renegotiation of a $630-million loan between Genesis and DCG. This article is an excerpt from

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Bitcoin derivatives data suggests BTC price holds the current range

bankruptcy, contango, DCG, GBTC, macro, markets, skew /

Bitcoin derivatives data suggests BTC price holds the current range 13/09/2023 at 00:03 By Cointelegraph By Marcel Pechman BTC investor sentiment turns increasingly bullish after this week’s quick rebound from a sharp price correction. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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FTX has $222M in Bahamas real estate, 1,300 tokens: shareholder presentation

bankruptcy, Cryptocurrency Exchange, Digital Asset, FTX /

FTX has $222M in Bahamas real estate, 1,300 tokens: shareholder presentation 11/09/2023 at 21:05 By Cointelegraph By Derek Andersen Ten percent of shareholder claims have been settled so far. They will be able to assess the condition of the company at a meeting that runs Sept. 11-12. This article is an excerpt from Cointelegraph.com News

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FTX seeks to reverse payments made to Shaq, Naomi Osaka and Miami Heat

bankruptcy, claw back, FTX, miami heat, naomi osaka, Payments, pro athletes, promo, promotion, shaq /

FTX seeks to reverse payments made to Shaq, Naomi Osaka and Miami Heat 11/09/2023 at 05:04 By Cointelegraph By Jesse Coghlan FTX laid out the millions it paid to the likes of Shaquille O’Neal, Naomi Osaka and other high-profile people it’s looking to get back. This article is an excerpt from Cointelegraph.com News View Original

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FTX sues LayerZero Labs, seeks to recover over $21M moved prior to bankruptcy

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FTX sues LayerZero Labs, seeks to recover over $21M moved prior to bankruptcy 10/09/2023 at 23:02 By Cointelegraph By Ana Paula Pereira FTX is seeking the cancellation of agreements made days before it collapsed, as well as the return of millions transferred to LayerZero Labs and its affiliates. This article is an excerpt from Cointelegraph.com

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Genesis sues parent company DCG, other affiliate for $600M in overdue loans

bankruptcy, Digital Currency Group /

Genesis sues parent company DCG, other affiliate for $600M in overdue loans 07/09/2023 at 01:02 By Cointelegraph By Derek Andersen DCG borrowed $500,000 from its subsidiary last year, and DCG Investments borrowed over 18,000 BTC. Both have allegedly defaulted. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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US-based Genesis Global Trading will eliminate its crypto spot trading service

bankruptcy, Cryptocurrency Exchange, Digital Currency Group /

US-based Genesis Global Trading will eliminate its crypto spot trading service 06/09/2023 at 01:05 By Cointelegraph By Derek Andersen The company, an affiliate of Barry Silbert’s Digital Currency Group, has been providing crypto spot trading since 2013. Its closure is “for business reasons.” This article is an excerpt from Cointelegraph.com News View Original Source React

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Robinhood bought back Sam Bankman-Fried’s stake from US govt for $606M

bankruptcy, Business, FTX, robinhood, Sam Bankman-Fried /

Robinhood bought back Sam Bankman-Fried’s stake from US govt for $606M 01/09/2023 at 18:03 By Cointelegraph By Turner Wright The purchase of the 55 million Robinhood shares had been expected following approval from the company’s board and a U.S. district court. This article is an excerpt from Cointelegraph.com News View Original Source React to this

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Genesis lenders call DCG agreement ‘wholly insufficient’

bankruptcy, court, Digital Currency Group, law /

Genesis lenders call DCG agreement ‘wholly insufficient’ 30/08/2023 at 17:02 By Cointelegraph By Helen Partz The agreement in-principle reached by DCG and creditors also said that the Ad Hoc Group and Gemini did not support the deal. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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DCG agrees deal with Genesis that would see recoveries of up to 90%

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DCG agrees deal with Genesis that would see recoveries of up to 90% 29/08/2023 at 12:02 By Cointelegraph By Helen Partz The estimated U.S. dollar equivalent recoveries could amount to 70%–90% for Genesis creditors, should the amended plan be carried out. This article is an excerpt from Cointelegraph.com News View Original Source React to this

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Prime Trust parent company lost $8M investing in TerraUSD

bankruptcy, Business, Investments, Stablecoin, terra /

Prime Trust parent company lost $8M investing in TerraUSD 24/08/2023 at 23:34 By Cointelegraph By Turner Wright Prime Core Technologies said that “under prior management” it had lost $6 million in user funds and $2 million treasury funds through investments in the algorithmic stablecoin. This article is an excerpt from Cointelegraph.com News View Original Source

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